The Asian Development Bank (ADB) has approved the following assistance:

Description

This policy-based loan will support efforts in the development of Small- and Medium-Sized Enterprises (SMEs) in Viet Nam through streamlined business processes, improved access to finance, programs to support women-owned enterprises, and a level playing field for private enterprise development. "Healthy levels of private investment will be required to sustain economic growth and job creation in Viet Nam, and increasingly that contribution will be coming from the SME sector," said Juan Luis Gomez, Senior Public Management Specialist. Since the approval of the Enterprise Law in 2000, the number of registered enterprises in Viet Nam has grown from 14,500 to some 550,000 in 2011, with SMEs representing nearly 97% of the country's total number of firms, and 46% of gross domestic product. ADB has been a leading partner in SME development in Viet Nam for more than a decade, through a combination of financial and technical assistance programs.

Amount 

$50 million loan from the Asian Development Fund
 

 
This page was generated from http://www.adb.org/news/briefs/viet-nam-policy-based-loan-small-and-medium-sized-enterprise-development on 02 March 2015